NINETEENTH CLAUSE Sample Clauses

NINETEENTH CLAUSE. In the event that AXXXXXXX decides to enter into an Operation Contract within the area of the title FFB-081, and before the title assignment is approved by the mining authority, it should have the consent of CCP regarding the area to be granted and the conditions of the same.
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NINETEENTH CLAUSE. Deliberations for the constitution of subsidiaries, merger, divestment, incorporation, sale of permanent assets comprising parts of the industrial plant which could characterize a halt in the company's activities, suspension of preferential rights in cases of increase in capital, exclusion of partners, increase in capital by subscription or its reduction, must be taken by partners representing the totality of stockholders' equity.
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NINETEENTH CLAUSE. Compensations: In the case that AMERALEX loses the ownership of the mining concession contract FFB-081 without authorization of CCP and for reasons alien to the same, or the continuation of coal exploitation becomes impossible and therefore the execution of the current Association contract due to causes which are directly attributable to them without Force Majeure or Unforeseen Circumstances, AMERALEX must pay in favor of CCP a compensation equivalent to the value of the investments made by the same in the area of the Association contract which has not been recuperated (recuperation should be understood as the initial value of the investments minus the value applicable to depreciation according to production levels) which should be duly verified and may not be recuperated once it proceeds with the dismantling and abandoning of infrastructure and mining works. In all cases the Parties may modify the method of calculation and/or the amount of compensation via addendum. TWENTIETH CLAUSE: Liquidation of the Association Contract: Once the Mining Association Contract is finalized or the option matter of the contract signed between the Parties on October 7, 2011, or such which may modify it, is exercised, the Parties, with prior calculation and payment of compensation or contractual obligations which may be required, should proceed via the corresponding legal document to liquidate the contractual relationship.
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Related to NINETEENTH CLAUSE

  • NINETEENTH The rights of the lessor under the foregoing shall be cumulative, and failure on the part of the lessor to exercise promptly any rights given hereunder shall not operate to forfeit any of the said rights.

  • FOURTEENTH Meetings of the Directors may be held outside of the State of Delaware at such places as may be from time to time designated by the Board, and the Directors may keep the books of the Company outside of the State of Delaware at such places as may be from time to time designated by them.

  • CONTRACT CLAUSES SECTION I -

  • Severability Clause In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.

  • Saving Clause If any provision(s) of this Agreement shall be determined to be illegal or unenforceable, such determination shall in no manner affect the legality or enforceability of any other provision hereof.

  • Separability Clause In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

  • EIGHTEENTH This Agreement shall be deemed to be a contract made in the State of Delaware and governed by, construed in accordance with and enforced pursuant to the internal laws of the State of Delaware without reference to its conflicts of laws rules.

  • GRANTING CLAUSE The Issuer hereby Grants to the Indenture Trustee at the Closing Date, as trustee for the benefit of the Holders of the Notes, all of the Issuer's right, title and interest in and to whether now existing or hereafter created by (a) the Mortgage Loans, Qualified Substitute Mortgage Loans and the proceeds thereof and all rights under the Related Documents; (b) all funds on deposit from time to time in the Collection Account allocable to the Mortgage Loans excluding any investment income from such funds; (c) all funds on deposit from time to time in the Payment Account and in all proceeds thereof; (d) all rights under (i) the Mortgage Loan Purchase Agreement as assigned to the Issuer, (ii) the Servicing Agreement, (iii) any title, hazard and primary insurance policies with respect to the Mortgaged Properties and (iv) the rights with respect to the Cap Contracts; (e) all present and future claims, demands, causes and choses in action in respect of any or all of the foregoing and all payments on or under, and all proceeds of every kind and nature whatsoever in respect of, any or all of the foregoing and all payments on or under, and all proceeds of every kind and nature whatsoever in the conversion thereof, voluntary or involuntary, into cash or other liquid property, all cash proceeds, accounts, accounts receivable, notes, drafts, acceptances, checks, deposit accounts, rights to payment of any and every kind, and other forms of obligations and receivables, instruments and other property which at any time constitute all or part of or are included in the proceeds of any of the foregoing and (f) all other property of the Issuer (collectively, the "Trust Estate" or the "Collateral"). The foregoing Grant is made in trust to secure the payment of principal of and interest on, and any other amounts owing in respect of, the Notes, equally and ratably without prejudice, priority or distinction, and to secure compliance with the provisions of this Indenture, all as provided in this Indenture. The Indenture Trustee, as trustee on behalf of the Holders of the Notes, acknowledges such Grant, accepts the trust under this Indenture in accordance with the provisions hereof and agrees to perform its duties as Indenture Trustee as required herein.

  • THIRTEENTH (A) This Agreement may be terminated with respect to the Shares of any Portfolio at any time, without the payment of any penalty, by vote of the Board of Trustees or Board of Directors of the Fund or by vote of a majority of the outstanding Shares of such class of such Portfolio, or by the Distributor, on sixty (60) days' written notice to the other party; and

  • Savings Clause If this Agreement or any portion thereof shall be invalidated on any ground by any court of competent jurisdiction, then the Corporation shall nevertheless indemnify the Indemnitee as to Expenses, judgments, fines, penalties and amounts paid in settlement with respect to any Proceeding to the full extent permitted by any applicable portion of this Agreement that shall not have been invalidated and to the fullest extent permitted by applicable law.

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